Flexible business funding to get you online sooner
Aussie pub, restaurant and café owners have shown true resilience and flexibility through incredibly tough times. That’s why at Prospa we’re proud to have helped hundreds of them with funds to streamline sales processes, stand out from competitors and boost customer loyalty.
Sharpen your approach with no-nonsense business lending from Prospa up to $500K. It takes just 10 minutes to apply online and funding is possible in 24 hours if you’re approved. What are you waiting for?
Plus, approved loans also come with the option of no repayments for the first 4 weeks to help you focus on the here and now. (Term will be extended and interest will accrue from the settlement date to the end of the term).
Prospa Small Business Loan
Quick access to $5K – $150K to cover unexpected expenses or a one-off purchase.
Fixed term up to 24 months with fixed rates
Fast decision & funding possible in 24 hours
No asset security required upfront to access Prospa funding up to $150K
Minimum $5K monthly turnover and 6 months trading to apply
Cashflow or Growth. We help hospitality businesses with both!
As a business owner, you know that cash flow can play a vital role in your business’s day-to-day. Plus, there are times when you might need funds to invest in your business to take it to the next level.
Whether you’re a café, restaurant, pub or other hospitality provider, talk to Prospa about our flexible funding options. We can help you apply for the right option for your business’s needs – whatever they may be.
Equipment. A new oven, a commercial fridge, a deep fryer – these things don’t always come cheap. Upgrade and enjoy the efficiencies.
Expanding. Move to a bigger location, expand your current location or take on another site. Growth doesn’t have to stop here.
Marketing. Create awareness, foster loyalty and acquire more clients through advertising, building a website or investing in social media.
Pay wages and suppliers. Pay suppliers on time, cover staff wages, hire casuals during busy periods, pay for training.
Remodelling. A lick of paint, some new outdoor furniture or a full location refit, your business office has never looked so amazing.
And more. Having hassle-free access to funding can help give hospitality business owners the freedom to move quickly.
Resources for the Hospitality industry
Want to upgrade POS or boost your online presence? Need tips on managing suppliers?
Get a taste of how other businesses tackle challenges and opportunities in hospitality
and a range of other industries too.
Danny Crichton and Justin Schmidt’s business started out as a single pizza oven. Now they’re masters in growing a business and building a loyal customer base.
Social media is a vital marketing tool for any business owner today especially in the hospitality industry. Here’s how Instagram can earn you customers.
No more compromising or missed opportunities with Prospa by your side. With hassle-free application, this time tomorrow you could have access to funds for growth and cash flow support. It’s just what we do.
We’re Australia’s #1 online lender to small business.
“We chose Prospa over a traditional bank because they understand what it’s like to be a small business. They understand that we are individuals competing in a very competitive world."
Things you should know: No repayment period available to approved customers who settle a new or refinanced Prospa Small Business Loan or Prospa Plus Business Loan. Approved customers can elect to take an optional initial no repayment period of between 1 to 4 weeks from the loan settlement date, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 4 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense, and forms part of the regular fixed daily or weekly principal and interest repayments due on each payment date following the end of the no repayment period. Not available to refinance an existing Prospa loan that is within a no repayment period at the time of application. Product settings may be amended or withdrawn without notice.